ETH was trading lower for a third straight session on Friday, as prices neared an 11-month low. This comes whilst the overall cryptocurrency market cap was down almost 1% as of writing. Bitcoin was slightly higher despite today’s increased volatility. Bitcoin Bitcoin marginally rose during today’s session, with prices consolidating in the aftermath of Thursday’s decline. Yesterday saw BTC/USD drop…
The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements. The company’s uncertainty has been fueled by rumors that it will be forced to leave mainland China. STEPN is a popular “move-to-earn” game based on Solana and BNB Chain, created by two Chinese emigrants now living in Australia. On July…
This guide demonstrates how to self-custody bitcoin using the SeedSigner. SeedSigner is a project that brings together free and open-source code, inexpensive and general-purpose hardware, and a do-it-yourself (DIY) approach to taking personal responsibility of your bitcoin. Source This guide covers: Contents UnboxingSoftwareHardwareTesting And AssemblyGenerate A New SeedSeed BackupSparrow WalletMultisigThe Importance Of Self CustodyVideo SummaryTrade Offs Unboxing This section demonstrates…
U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during the past 24 hours. Meanwhile gold has been hanging below…
As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. The cryptocurrency ecosystem was awash with varying speculatory theories around the cause of Terra’s algorithmic stablecoin UST’s decoupling from its $1 peg. The who and why seemed a mystery but the outcome was catastrophic,…
With the World Economic Forum (WEF) Annual Meeting drawing to a close, attendees had the opportunity to join Cointelegraph for a farewell party at Ex Bar in Davos — where they could actually pay for food and drinks using cryptocurrency. The annual meeting of the World Economic Forum is scheduled to take place between May 22–26, with a slew of…
The governance vote on Terra’s proposal 1747 to burn 1.388 billion UST stablecoinsstablecoins has passed. This will reduce UST’s supply by roughly 11% of its total supply of 11.28 billion tokens, according to data from CoinMarketCap. More than 99% of all 154 million votes supported the burn proposal. Less than 1% abstained, and roughly 10,000 voted against the proposal. Vote…
sponsored Australian FX and CFD provider Eightcap has recently announced that it has partnered with TradingView, allowing crypto derivative traders to trade directly from TradingView’s charts into their Eightcap trading accounts. Crypto derivative traders will access Eightcap’s full suite of crypto derivatives, including altcoins, crypto-indices and crypto-crosses. Eightcap’s integration with TradingView is the next step for the award-winning broker as…
The tales of traders getting scammed out of their nonfungible tokens (NFTs) were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs. It all started with the Discord channel hack of cross-chain gaming development studio Uncharted…
Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency. Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill on May 25, aiming to limit the use of China’s central bank digital currency (CBDC) in the United States. The bill is referred to…
